OAKVILLE, ONTARIO–(Marketwired – Sept. 15, 2016) – Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX VENTURE:SJL), a carbon science company engaged in the exploration of natural graphite properties and related carbon products, is pleased to announce the Company has successfully completed phase one of the summer work program. The Company has been working on its various graphite properties in south western Quebec over the last four months. As previously announced on June 15, 2016, the Company intends on completing a four phase work program that will give the Company a good idea of where 90 possible mini graphite pits would be located.
Paul Ogilvie, CEO, commented: “The Company has received formal permission to work on the properties from the land owners. This is a very important step towards our goal in the overall planning, to extract the bulk samples to run through the specialized mill for shaping and coating the material. As previously mentioned in the release dated May 19th, 2016, we are starting the construction of the first and only North American mill to produce shaped and coated graphite for the lithium-ion battery market.”
The summer work project and locations of the primary work was determined by the electro-mag fly over completed in the summer. The Company plans on only environmentally, sound shallow pits. Our exploration interest is only where at-surface graphite may be found. The grab samples will be blended to create a specialized material signature and DNA.
Christian Derosier, P.Geo., commented: “We have visited most of the old trenches which were recorded with a GPS as well as the remnants of the old buildings. Several samples of mineralized rocks were taken following the NI 43-101 procedures. They were sent in sealed bags to a certified laboratory. Results are awaited very soon. The 1951-1952 drill sites around the Bell mine were also visited and artefacts such as the casings were looked for. Some pieces of core, 7/8 inch in diameter (EXT core size), were found, confirming the location of drill holes.
The field inspections combined with the preliminary results of the helicopter-borne survey, show that the mineralized rocks are outcropping over a distance of about 2 kilometres and within a width of 150-200 m.
The twenty-six (26) previous diamond drill records obtained from the MERNQ’ files are presently digitalized, using the GeoticLog software. This work will permit us to better understand the geology, the structures, alteration, the favourable rock formation and the economic potential of the project. It will also permit us to better plan the diamond drilling program to be undertaken soon. This drilling program will permit us to evaluate the lateral and depth extensions of the mineralized zones.”
Update: The Company is pleased to announce that most of the engineering and modeling for the specialized shaping and coating mill are complete. The next step is to build small prototypes of the larger equipment that will ultimately be installed at the mill site. The location for the mill is still under review, but the first location will likely be Hamilton. However, the Company is in talks with a battery manufacturer to build the mill at the battery manufacturing site, eliminating over handling the material.
Christian Derosier, P.Geo., PhD., is the qualified person (QP) as defined in National Instrument 43-101 and, acting on behalf of Saint Jean Carbon, has reviewed and approved the technical content of this news release.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science company, with interest in graphite mining claims in the province of Quebec in Canada. For the latest information on Saint Jean’s properties and news please refer to the website: www.saintjeancarbon.com
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “intends” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the Transaction, including regulatory and shareholder approvals, if necessary, will be met.
Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.
